The important thing to understand is that ITR filing is a statutory requirement and an important financial record-keeping. For the financial year 2025-26, the basic exemption limit for individuals below 60 years of age is Rs 2.5 lakh under the old income tax regime and Rs 4 lakh under the new income tax regime.
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Who should file ITR & is income tax return filing mandatory for salaried taxpayers?
- by The News Vista
- July 2, 2026
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